23 May 2022

20 May 2022: USDCAD

 USDCAD short trade on 20/5/22




Post Analysis:-

- This trade end up with loss.
- I should not trade the pair if after test on hourly chart, price on 5 minutes chart (entry chart) took longer to set up. Leave this trade as it may be set for opposite direction.
- Look for immediate setup on 5 min chart, after test on hourly chart confirm.


- Finally USDCAD fly to upward. I cut loss according to my pre-defined stop.











 




20 May 2022

19 May 2022: CHFJPY

 CHFJPY long trade on 19/5/22




Post Analysis:-


Entry: 130.526
Exit: 130.769
Size: 0.05 standard lot
Profit: 24 pips ($ 9.31)

Note:-
- This trade test my psychology a lot.
- It drop first after I made an entry and drop close to my stop.
- Then the price started rising but after that drop back to my entry level. At this point I decided to take what ever profit that market gave me.
- Second try for price to go up but again drop back to my entry level area. After this time only price go up and continue went up for the next day.
- Below is the USDCHF trade (short trade) that gave better profit.













17 May 2022

17 May 2022 (Trade Example): EURAUD

 EURAUD short trade on 17/05/22

- Hourly chart:-


- Entry time 9:15am 
- Risk (21 pips stop) 0.4% of account blance.

Data from the other 2 timeframe:-



Update:-

- Trade possibly give 1R profit, as price return to upside.
- Profit need to be locked otherwise it get back to entry price or worse case hit stop for a loss trade.


Below is a better pair to trade and will give better result (AUDJPY long trade). With max 10.5R profit (126 TP & 12 SL)


- 4 hour & 5 minutes chart:-




















17 May 2022 (Trade Example): GBPCHF

GBPCHF long trade on 17/05/22

- Hourly chart


- Entry time 12:00 midnight 
- Risk (23 pips stop) 0.4% of the account balance

- Support by 2 others timeframe:-


 


Update:-

- Trade able to close with good profit
- Possible to give max 6.2R profit (143 pips TP & 23 pips SL)